---
title: "GFL Environmental: Strategic Texas Acquisitions Drive Growth, Synergies, and Support Buy Rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281406844.md"
description: "Analyst James Schumm from TD Cowen has reiterated a Buy rating on GFL Environmental, raising the price target to $65.00. This decision is based on GFL's strategic acquisitions in Texas, including the Frontier Waste deal, which enhance operational efficiency and market presence. Schumm expects these acquisitions to significantly boost revenue and EBITDA, despite elevated acquisition multiples. He anticipates that synergies will reduce the effective EBITDA multiple, supporting the Buy recommendation as leverage trends back toward the company's target range."
datetime: "2026-04-01T17:25:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281406844.md)
  - [en](https://longbridge.com/en/news/281406844.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281406844.md)
---

# GFL Environmental: Strategic Texas Acquisitions Drive Growth, Synergies, and Support Buy Rating

Analyst James Schumm from TD Cowen reiterated a Buy rating on GFL Environmental and increased the price target to $65.00 from $64.00.

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James Schumm has given his Buy rating due to a combination of factors tied to GFL Environmental’s recent acquisitions and strategic positioning. He views the Frontier Waste deal and seven additional tuck‑ins as expanding GFL’s presence in Texas, a particularly attractive, high‑growth U.S. waste market, while also densifying existing operations around Houston to enhance efficiency and scale.

He also highlights that the eight acquired businesses should add meaningful revenue and EBITDA, even after assuming conservative margins and partial‑year contributions, supporting modestly higher price targets. Although acquisition multiples are elevated versus smaller tuck‑ins, he expects synergies and valuable disposal assets to bring the effective EBITDA multiple down, and he anticipates leverage trending back toward the company’s low‑to‑mid‑3x target range, reinforcing the Buy recommendation.

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